The Homeland Security Department and the National Institute of Standards and Technology are teaming up to create a "botnet playbook," which will act as an industry "code of conduct" for dealing with the cyber threat.

Dan Chenok, a senior fellow with the IBM Center for the Business of Government, joined the Federal Drive with Tom Temin and Amy Morris to discuss the The Partnership Fund for Program Integrity Innovation fund and the innovative pilot programs have come out of it.

The FBI is investigating more than 400 cyber hijackings of corporate bank accounts, after cyber criminals have taken over the accounts of American companies, school districts and even some local government offices and made unauthorized wire transfers.

Former White House cybersecurity adviser Richard Clarke said recently smartphones remain a huge cybersecurity problem for the U.S. In an interview with Computerworld-New Zealand, Clarke said that smartphones are the newest and largest vulnerability in the U.S.